Harbinger Group Reports Q4 EPS $(0.77); Revenues $888.M

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Harbinger Group Inc. (NYSE: HRG) today announced its consolidated results for the fourth quarter and full year period ended September 30, 2011. HGI's consolidated revenues for its fourth quarter of Fiscal 2011 were $888 million, compared to $789 million for the same period in 2010. This comprises a year on year increase in Consumer Products revenues from $789 million to $827 million, partly due to currency movements, and $61 million from the newly acquired FGL in the Insurance segment. Consolidated revenues for Fiscal 2011 were $3.48 billion, a 35% increase compared to $2.57 billion in Fiscal 2010, due to a $620 million increase in the Consumer Products segment, mainly from the acquisition of Russell Hobbs, and $291 million from HGI's acquisition of FGL in April 2011.

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